Duke favours more simple stress tests for smaller banks
Elizabeth Duke, a member of the Federal Reserve Board of Governors, on January 13 said stress testing should not necessarily place additional burdens on banks.
At the 2012 Bank Presidents Seminar, California Bankers Association, Santa Barbara, California, Duke said: "As strongly as I believe in the concept of stress testing for capital adequacy, I don't believe it needs to become a complicated, expensive, and burdensome process for smaller institutions with traditional business models. In many
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